The non-bank lender upsized its bond sale to $800 million ahead of its planned acquisition by Birch Hill Equity Partners and Brookfield Asset Management, with proceeds earmarked to repay existing debt and support the buyout.| CMT News
Bank of Nova Scotia is cutting jobs across its Canadian banking division as part of the firm’s effort to boost long-term profitability.| CMT News
Canadian Imperial Bank of Commerce appointed Mike Freeborn and Alfred Traboulsi co-heads of global corporate and investment banking.| Mortgage Rates & Mortgage Broker News in Canada
There's a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.| Mortgage Rates & Mortgage Broker News in Canada
Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada’s fourth-most valuable bank, as investor sentiment shifts in favour of lenders with more exposure to the domestic market.| Mortgage Rates & Mortgage Broker News in Canada
A few notable data points this week could offer fresh insight into housing activity and the broader economy.| Mortgage Rates & Mortgage Broker News in Canada
A new TD survey shows widespread financial uncertainty among new Canadians, opening the door for brokers to play a more supportive role.| Mortgage Rates & Mortgage Broker News in Canada
Prepayment penalties can catch borrowers off guard, but for brokers who understand how they work, they’re a chance to support clients with timely advice and real savings.| Mortgage Rates & Mortgage Broker News in Canada
Founders Smith and Tawse to retain minority stakes as mortgage lender enters new chapter| Mortgage Rates & Mortgage Broker News in Canada
A win for expanding mortgage access, VantageScore 4.0 has been approved for GSE-funded mortgages. Learn more.| VantageScore
